Preparing to take advantage of China’s growth opportunities

Dec 01, 2006 | 02:40 PM | Matthew Lerner

As Alcoa Inc. positions itself for the future with a wide-ranging restructuring, the company is increasingly looking to China for growth opportunities.

"Over the next 15 years, we expect demand for aluminum will double," Alain J.P. Belda, Alcoa's chairman and chief executive officer, said. "China will be the primary driver of this demand."

The company's estimates of 14-percent growth in 2007 and 2008 are likely too low, he said. "It's been higher than that for the last few years—we're being conservative."....

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